and ideas regarding the expansion plans of the furniture company‚ the realization comes about that the main factor to consider is the competition that will be encountered in the expansion country of choice. As a result‚ there needs to be further research done regarding the top competition for the furniture company in China. After researching furniture companies in China‚ the two companies that have been chosen are IKEA and Markor International Furniture Company. IKEA is a company that started out
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in home decoration. People’s increasing purchasing power has driven the furniture market to develop in leaps and bounds. From 2010 to 2013‚ the sales value of wholesalers and retailers above a certain scale in the industry grew at an average annual rate of 41%. In 2013‚ the growth slowed down somewhat to 21%‚ with sales value reaching Rmb195.75 billion. China’s furniture market has vast room for expansion. Take the furniture replacement market as an example. According to statistics‚ there were about
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included in FY2012/13. Financial year (FY) BBQs Outdoor Furniture BBQ Accessories Total FY2008/9 25‚000 13‚000 42‚000 80‚000 FY2009/10 35‚000 15‚000 58‚000 108‚000 FY2010/11 40‚000 17‚000 68‚000 125‚000 FY2011/12 45‚000 19‚000 75‚000 139‚000 FY2012/13 Own Branded products Assume market share of 24% for BBQfun to calculate projected number of units to sell for each item in 2012/13. BBQs Outdoor Furniture BBQ Accessories Number of
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Analysis Palliser Furniture Ltd. Nowadays‚ Palliser Furniture Ltd. is a leading North American furniture company with local manufacturing facilities in Canada and Mexico‚ and they are dedicated to leader ship in design‚ service and customer value in the furniture industry. With a general agreement among manufacturers and retailers that the key success factors were: overall product quality and customer service‚ quick delivery and appropriate price‚ and innovative design. Palliser furniture did a good job
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Zornica Rasheva Executive Summary Furniture remains the largest home furnishings and housewares sector. Bulgaria’s furniture industry is a dynamically developing sector in the past few years. It is well known that most furniture companies in the country are based on strong traditions and good correlation between price and quality‚ but (as in many other countries)‚ although the major part of the customers on the inner market prefer Bulgarian-made furniture‚ high prices are seen as a sign of high
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CONTENTS OPENING 1 I. COMPANY AND PRODUCT 2 1. Company introduction 2 2. Reason for choosing indoor furniture 2 II. U.S MARKET ANALYSIS 2 1. GENERAL MARKET 3 1.1. Geographic environment: 3 1.2. Political environment: 3 1.3. Legal environment: 3 1.4. Economic environment: 4 1.5. Cultural environment: 5 2. FURNITURE AND WOOD INDUSTRY 5 III. SWOT ANALYSIS 6 IV. PRELIMINARY STRATEGY FOR MAINTENANCE AND EXPANSION 8 1. PRODUCT STRATEGY 8 1.1
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About Harveys Harveys is a furniture retailer part of the Steinhoff International chain. The retailer is among the biggest furniture specialists in the UK. Harveys operates both stores and the online platform‚ which makes finding the right furniture items for your room easy. In fact‚ the company was one of the first furniture retailers to start providing customers furniture online. Harveys focused on quality product without forgetting affordable prices. The product are all ready to be delivered and
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1. Within a highly fragmented furniture market in the US‚ the top ten retailers in 2002 accounted only for 14.2% of total market share. The market was primarily split between low-en and high-end retailers. Low-end retailers primarily focused on offering a wide array of merchandise including furniture on the basis of low prices. Aside from tight margins as part of a low-pricing strategy‚ there were also several “small-store retailers” targeting college students and other consumers with constricted
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However‚ they do not have a furniture store in the Saratoga area near Taft’s second location. Taft also have has two large warehouses. This makes the product easily available. Pieces are in stock and ready for the customer to pick-up on a weekday or weekend. Taft has a one year price protection program where as other stores only offer up to thirty days. What this price protection program offers is that if you buy a product and then in a couple of weeks later the furniture is on sale you will be
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of the community and a belief in the perfection and efficiency of geometry (Hoffman‚ n.d.). The Bauhaus encouraged the study of functionality‚ cost and industrial production. They worked by the motto "form follows function"‚ meaning they created furniture and other household items by the way they work‚ not by the way they look. This in a way made the items simple and stripped down to their essentials‚ resulting in a purity of form. (Rowe‚
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